Archive
Vodafone and Rightmove to dominate on Friday
Fridays can sometimes be quiet affairs in the Square Mile, but there’s a handful of things for investors to feast on this week
Company
Rightmove PLC
LON:RMV
Rightmove Group operates in the United Kingdom residential property industry connecting people to properties. Its principal business is the operation of the Rightmove.co.uk website.
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Builders and building materials
Blue chip builders boosted as housing market brightens up according to surveyors report
A survey of surveyors showed interest among house buyers rose for the first time in more than two and a half years
Archive
FTSE 100 closes in the red after BoE keeps interest rates on hold
The UK blue-chip index finished down nearly 34 at 7,351, while its mid-cap cousin FTSE 250 lost over 127 points
Archive
Bank of England rates decision to take macro spotlight on ‘Super Thursday’
On the corporate front there will be another big batch of blue-chip updates to digest, notably from oil major Shell and banking giant Lloyds
Rightmove’s market-leading position now priced in, says Deutsche Bank
Rightmove has rallied since the turn of the year, so much so that Deutsche Bank now believes the shares sit around where they should be
Investments and investor services
FTSE 100 closes in positive territory as MPs vote down May's deal again
Footsie closed at 7,279, up nearly 45 points on the day
Rightmove downgraded by UBS on valuation grounds
The investment bank said the market was now “pricing in realistic assumptions” about revenue growth at the property listing website
Rightmove revenues jump 10% as per advertiser earnings top £1,000 per month
The company also said its advertiser numbers had remained near all-time highs as a reduction in estate agencies was offset by more new home developments
FTSE 100 closes down on week but higher on Friday as trader optimism returns
Footsie closed the day 32 points up, or 0.45% at 7,106
Archive
City set for surprisingly busy Friday with WPP, Rightmove and William Hill all due up
Fridays are normally quiet affairs in the City, but not this week…
Investors take bite out of Just Eat as it drops out of FTSE 100
The takeaway marketplace has seen more than £1bn wiped from its market capitalisation over the past year, meaning it is no longer in the 100 biggest firms listed on the LSE
Double boost for Rightmove as Deutsche upgrades to ‘buy’, whilst major rival Emoov is on the ropes
Reports have been circulating that Emoov has had to call in administrators after running out of cash and failing to find a buyer to rescue it
Archive
FTSE 100 closes firmly lower as investors realise US/China trade dispute continues
The UK index of leading shares finished down over 39 points lower at 7,022.
Christmas spirit could be lacking for Royal Mail as ejection from FTSE 100 index beckons once again
Christmas might be Royal Mail’s busiest time of the year but a shock profit warning from its new chief executive Rico Back in October wiped out 20% of the postal firm’s market value, making the group a shoo-in for another demotion
Hardware & electrical equipment
Rightmove back on UBS's 'buy' list
"Growth in hybrid share of listings has slowed, which we think will help reduce pressure on agency commission fees, which have now declined c40% since 2007," UBS said
Investments and investor services
OnTheMarket reports strong growth but still has some way to go to catch market leaders
The agent-backed company has signed more than 11,000 estate and letting agents to its site
Rightmove confident but brokers wary of subdued housing market
The general view seems to be: Good company operating in a sector that is currently under a cloud
FTSE 100 closes higher, boosted by earnings and weaker pound
In London, FTSE 100 added over 38 points to finish at 7,701 - that was up on the week too, marginally - by 0.29%.
Archive
BT investors 'flying blind' as it reports first quarter results without net adds
Jefferies reckons the key focus for BT's quarterly results will be on the business and public sector division following a poor performance last year